Park Place Adult Day Services
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 243,138 | 204,778 | 38,360 | 18.1 | 60% |
| 2021 | 278,620 | 219,955 | 58,665 | 20.3 | 59% |
| 2022 | 266,149 | 233,598 | 32,551 | 20.8 | 0% |
| 2023 | 271,746 | 249,979 | 21,767 | 20.4 | 56% |
In its most recent public year (2023), this organization brought in $21,767 more than it spent. Its reserves stood at about 20.4 months of spending, up from 18.1 in 2020. Staff pay was 56% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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